USD/CZK may rise to 23.300 - 23.593

Our pivot point is at 22.209.

Our preference

Rebound towards 23.593.

Alternative scenario

The downside breakout of 22.209 would call for 21.718 and 21.426.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (22.601) but under its 50 period moving average (22.981).

Supports and resistances

24.180 **

23.887 *

23.593 **

23.300

22.709 last

22.401

22.209 **

21.718 *

21.426 **

Number of asterisks represents the strength of support and resistance levels.